What is Oasis Network? Oasis Network is a Layer 1 decentralized Blockchain operating according to the Proof Of Stake mechanism. Oasis Network is a platform that attracts many leading large VCs in the market.
So what is interesting and special about Oasis Network? Let’s learn about this ecosystem in general!
What is Oasis Network?
Oasis Network is a Layer 1 decentralized Blockchain operating under the Proof Of Stake mechanism. This platform has high security, privacy, and scalability mechanisms. Similar to other Blockchain platforms such as Ethereum, Near Protocol, Cosmos,… Oasis Network allows dApps to build and develop on its platform.
Oasis Network’s unique features also create a new asset class called Tokenized Data and allow users to control their data and Stake data to receive rewards.
Oasis Network’s Operating Mechanism
Consensus Layer
Consensus Layer works with the Proof of Stake mechanism to help increase network security, making network transactions smoother. This helps Oasis Network to be highly scalable and secure.
ParaTime Layer
ParaTime Layer is similar to Polkadot’s Substract and Cosmos’s Cosmos SDK, this layer allows applications to choose virtual machines (The Cipher ParaTime, EVM Compatible ParaTime, Parcel ParaTime) suitable for developing applications on the Oasis Network platform. .
Separation Of Consensus
This feature allows ParaTimes to separate from the Consensus layer. This helps avoid interference between ParaTimes when there is a risk that one ParaTime handling complex workloads will impact the network.
Discrepancy Detection
This is one of the outstanding features of Oasis Network, this feature allows Oasis to increase security compared to Sharding (Near Protocol) and Parachain (Polkadot). This feature better supports secure Smart Contracts and thereby opens up more Use Cases for the network such as: Credit cards, Insurance, personal information,…
The Oasis Network Difference
- Oasis Network is divided into two main layers: Consensus Layer and ParaTime Layer, this helps Oasis increase the scalability and high security of the network. Meets our “Security first” criteria
- This operating mechanism allows multiple ParaTimes to process transactions in parallel, thereby making complex workloads simpler and faster.
- The ParaTime Layer capability allows all users to build and develop their own ParaTime
- The ability to detect discrepancies is superior to Sharding and Parachain
Development Roadmap
Updated Oasis Network’s development roadmap in 2023:
- Early 2023: Oasis Network will launch Private Layer (Security layer)
- In 2023: Launch of New Oasis Explorer (Supports features that Web 3 does not yet have, allowing users to connect wallets and access management features for user privacy)
- A Trustless Bridge to Ethereum (Launch Bridge to Ethereum)
- Improved security features of Oasis Network
- Improved Oasis Wallet user experience
- Oasis Comunity Hakathons (Oasis will partner with industry-leading Solidity developers to highlight Oasis’s security features and leverage them for dApps built on EVM)
Core Team
Borivoj Kos: Director of Operations
- He is a member of the Radio Council of the Republic of Slovenia and was the team leader of an education project in the Republic of Macedonia in 2012.
- He took on the position of team leader and main legal expert for a consulting company for a law company called LATTANZIO in early 2017, this is a law company and during that time he also took on the position of legal training position at OECD/SIGMA and finished working here in October 2017
- Next, he was CEO at Info House Skopje and around 2018 he worked as a Legal Consultant for IBF for a period of 3 years 2018/2021
- In February 2021, he officially took on the position of Director of Operations at Oasis Network and until now
Peter Us: Core Platform Engineer
- He graduated with a major in Computer Science & Information at Ljubljana University in 2016. After graduating, he stayed at the school and worked as a teaching assistant for the Mining Massive Datasets master’s course.
- After that, he took the position of software engineer at Celtra, a large and multinational software company. Peter worked at Celtra for about 2 years from 2016 to 2018
- He worked as a software engineer for Oasis Labs and Oasis Foundation from 2018 to the present
Gina Tiriakidou: Head of Marketing
- In 2008, she took on an internship position at a large media company in the US, CNN radio station, and during the same period she was also a marketing assistant at Bulgari Perfume Company.
- For more than 4 years from 2009 to 2013, she was product marketing director and regional marketing director of Microsoft.
- In 2014, she was the European marketing director of Coca Cola. She had experience working at Coca Cola for more than 2 years until 2016.
- She took on the position of Marketing Director of Blockchain at Near Inc in 2020
- And then in 2021 until now she is the Marketing director of Oasis Network
Investor
From mid-2018 to 2020 Oasis Network raised more than $45 million USD from large investment funds such as: a16z, Polychain Capital, Pantera, Binance Labs,…
- July 9, 2018 at Series A round, Oasis Network raised $45 million USD from A16z
- Updating…
Tokenomics
Token information of Oasis Network
- Token code: ROSE
- Blockchain: Oasis Blockchain
- Explorer: https://www.oasisscan.com/
- Token type: Gorvernance
- Total supply: 10,000,000,000
Token Allocation
- Reward for Staking: 23.5%
- Strategic partners: 5%
- Foundation Endowment: 10%
- Team: 20%
- Backers: 23%
- Community and ecosystem: 18.5%
Token Release
- The amount of Tokens allocated to all Backers, Teams, Foundations, Ecosystems, and strategic partners will be locked within November 2021 to November 2022.
- From then on, Backers will have 2 large Token payments and the remaining parties will pay in equal installments over 10 years.
Token Use Case
- Utility: $ROSE token is used for staking, payment of transaction fees or delegation at Consensus Layer to earn profit
- Staking Reward: Used to reward Staking of Stakers and Delegators to secure the network
Exchanges
Currently we can buy $ROSE at many exchanges such as: Binance, Coinbase, KuCoin, MEXC, Bybit,…
Oasis Network’s Information Channel
- Twitter: https://twitter.com/OasisProtocol
- Discord: https://discord.com/invite/BQCxwhT5wS
- Telegram: https://t.me/oasisprotocolcommunity
- Website: https://oasisprotocol.org/
- Youtube:
Summary
Oasis Network is a potential project with many outstanding advantages in terms of security and network expansion. Oasis’s 2023 road map promises to bring many new improvements to this platform. Please research this project and give your own opinion!
